Friday, August 1, 2014

India's demands block $1 trillion WTO deal on customs rules


A labourer speaks on a mobile phone while lying on sacks filled with rice at the Agricultural Produce Market Committee (APMC) market yard, on the outskirts of Ahmedabad July 29, 2014. REUTERS/Amit Dave
A labourer speaks on a mobile phone while lying on sacks filled with rice at the Agricultural Produce Market Committee (APMC) market yard, on the outskirts of Ahmedabad July 29, 2014.
ReutersBY DAVID BRUNNSTROM AND TOM MILES-GENEVA Fri Aug 1, 2014
(Reuters) - The World Trade Organization failed on Thursday to reach a deal to standardise customs rules, which would have been the first global trade reform in two decades but was blocked by India's demands for concessions on agricultural stockpiling.
India's demands block $1 trillion WTO deal on customs rules